Nigerian Autochek acquires majority stake in Egypt’s AutoTager
Nigeria’s Autochek has announced Wednesday the acquisition of a majority stake in Egypt’s AutoTager.
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Automotives
BMW names Global Auto as new agent in Egypt
German carmaker BMW has named Global Auto Group as its new importer and agent in Egypt.
Auto sales decline 25% in 2016: Giza Commerce Chamber
The total volume of automotives sales dropped by around 25 percent in 2016 to 200,000 autos compared to 265,000…
Nissan: floating Egyptian pound decision to raise auto manufacturing cost
The movement of Egypt's government to liberalise exchange rate system would cause financial losses for original…
SCZone eyes building automotive zone in Suez Canal economic zone
Egypt's General Authority for Suez Canal Economic Zone- SCZone targets establishing trade zone in Suez Canal region…
Number of sold autos to hit 228K by end-2016: Egypt’s AMIC
The total number of sold automotives in the Egyptian market is expected to rise by 18 percent by the end of…
Local autos prices to jump 50% amid floating Egyptian pound: official
The prices of local and imported automotives would be increased by 50 percent and 15 percent respectively due to…
Egypt aims to produce million cars by 2025: minister
Egypt is seeking to increase its production of automotives to produce million cars by 2025, the country’s industry…
Volkswagen to replace CEO amid emissions scandal: Tagesspiegel
Volkswagen is to oust Chief Executive Martin Winterkorn after U.S. authorities late last week accused the German…
Volkswagen sets aside $7.3 billion over emissions scandal
The crisis enveloping Volkswagen AG, the world's top-selling carmaker, escalated Tuesday as the company issued a…
